INSEAD MBA 2014 Employment Statistics

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INSEAD Asia Campus
1 Ayer Rajah Avenue
Singapore 138676
Tel: +65 6799 5190
INSEAD Abu Dhabi Campus
4th Street - Muroor Road
P.O. Box 48049
Abu Dhabi, United Arab Emirates
Tel: +971 2 651 5200
www.insead.edu

1

© INSEAD 2015 - 2016
Selected Photos: Matt Stuart, James Bowden, Henry Koh
Design: Method Media Pte Ltd

INSEAD Europe Campus
Boulevard de Constance
77305 Fontainebleau, France
Tel: +33 (0)1 60 72 41 90

MBA Graduates 2014

2014 Employment Statistics
A World of Talent

2

3

Contents
From the Director

02

A World of Talent

04

Profile of 2014 INSEAD MBA Graduates

07

Full-time Jobs and Compensation Trends
• Job Locations
• Career Changes
• Compensation Trends by Region and Country
• Corporate Sectors
• Consulting
• Financial Services

08
10
12
14
16
22
26

Employers of 2014 INSEAD MBA graduates
• Top Employers
• The Corporate Associate Programme
• 2014 Recruiting Companies

30
30
31
32

Summer Internships / Projects and Compensation Trends
• Monthly Base Salaries
• 2014 Internship Employers


36
38
40

Recruiting at INSEAD

42

List of Countries Per Region

46

From the Director

Putting Careers
at the heart
of the MBA
Experience

T

he year of 2014 was another great one
for INSEAD MBA students, with 90%
securing employment within 3 months
of graduation. This is a quite remarkable figure
for our uniquely global programme, which at
just 10 or 12 months is half the length of its
world-class peers. It is even more remarkable
when you consider that just 8% of the class
were fully-sponsored, that 81% of the class
changed one of the 3 main career dimensions
(sector, function or country) that our students
found jobs with 333 different employers in
61 different countries and that no more than
17% of the class found employment in any
one country. All of us here at the Career
Development Centre are truly proud of
this great class.
Our own experience and several recent
studies show that, while the job market
for top-tier MBA talent is booming around
the world, it is not without its challenges.

02

Language requirements are becoming much
tougher, especially in the Asian markets and
governments around the world are putting up
increasing barriers to immigration, even of
highly-qualified and experienced executives.
INSEAD is uniquely placed to respond to these
challenges with 50,000 alumni, to be found
in 173 countries around the world. Of course,
employers are free to access this unique talent
pool, alongside our executive and full-time
MBA students, through our CareerGlobe
recruitment portal.
On the subject of alumni, they continue to be
very successful as well, with 9 of them holding
CEO positions in FT 500 companies, second only
to Harvard Business School. Not only do they
lead large multi-nationals, they also generate
wealth and employment by founding and leading
increasing numbers of entrepreneurial startups and small or medium-sized companies.

90% of our 2014 graduates reported
employment within 3 months.This is a quite
remarkable figure for our uniquely global
programme, which at just 10 or 12 months
is half the length of its world-class peers.
The year of 2014 saw an increase in
recruitment to the management consulting
sector which attracted 41% of the class, up
from 34% in 2013. Around half of this rise
is due to more students choosing to return
to their former employers with the rest
coming from welcome growth in new hiring.
But the big news is that TMT firms in
their various forms have now overtaken
financial services, accounting for 19% of the
graduating class and offering some of the
most attractive positions and highest salaries.
It has been a year of significant change
within the careers team at INSEAD, with the
department being restructured to focus on
the 3 key areas of marketing, developing and
connecting talent. Our Dean has recognised the
importance of careers alongside curriculum at
the heart of our world-class MBA programme
and has demonstrated this support by allocating
significant funds to the careers team, allowing
us to make many new hires.

As well as increasing our global outreach
we will, for the first time, be able to
allocate every student a personal career
advisor to support them through their
whole career journey all the way from
admissions until they land their first job.
I am also proud to announce the recruitment
of two new directors of the INSEAD Career
Development Centre. They will be starting
work in August 2015 and in true INSEAD
style have both made the triple switch of
sector, function and country - INSEAD
remains the Business School for the World!

Graham Hastie (INSEAD MBA 95J)
Interim Global Director,
INSEAD Career Development Centre
Assistant Dean, Degree Programmes

03

A World of Talent

One School, Two Intakes and
Three Campuses

An Intensive Preparation For
A Successful Career

The MBA programme runs in parallel in Europe
(Fontainebleau, France) and Asia (Singapore)
with networking and career forums also
taking place in the Middle East. Two classes
of approximately 500 participants graduate
every year: in July and December respectively.
This gives employers the opportunity to
recruit twice during the year.

INSEAD graduates do not just offer recruiters
the latest business insights. They bring
stamina, teamwork, entrepreneurialism,
organisational skills and effectiveness in the
face of pressure to the companies they join.
At INSEAD we develop the capacity to master
a large amount of material in a short period of
time. In this high-pressure environment, we
foster collaborative skills through group work in
diverse teams.

The Most International Business School
If you are a recruiter looking for executives
who are comfortable working across national
and linguistic borders, both sensitive to other
cultures and proficient in local business
practices, then it is only natural to partner
with INSEAD. Our uniquely diverse environment
attracts experienced professionals with a solid
international experience. They then learn
from each other’s differences and similarities,
as well as from our global curriculum and
faculty, before moving on to pursue careers
throughout the world.








The one-year programme provides
in-depth knowledge of conceptual models
and analytical tools in Accounting,
Entrepreneurship, Economics, Finance,
Marketing, Organisational Behaviour
and Strategy.

A First-Class Business School
We attract some of the most talented and
ambitious young professionals in the world.
Drawn to the school by our world-class faculty
and unparalleled international alumni network,
they leave INSEAD to create value and growth in
companies across the globe.
• The alumni network includes Chairmen, CEOs
and other senior level directors at a large
number of global companies including LVMH,
L’Oréal, Power Corporation of Canada, Roche
Holding Ltd, Danfoss, Statoil, Heineken, AON,
Deutsche Bank, Goldman Sachs, BASF,
Sanofi-Aventis, McKinsey & Company, Rio
Tinto, Siemens, Prudential Plc, Lloyds
Banking Group, Groupe Galeries Lafayette,
L’Occitane International.

04

Major International
Rankings

Our campuses in Europe, Asia and
Middle East provide graduates
with a global perspective

NO.

QS World’s Top 200 Schools in 2014
according to Employers and
Academics in Asia

Average GMAT Score (2014)

QS World’s Top 200 Schools in 2014
according to Employers
and Academics in Europe

Of participants transfer
between campuses at
least once during the year

QS World University Rankings by
Subject - Business & Management
Studies in 2015

Nationalities in the class (2014)

Financial Times’ Global MBA
Programme Ranking in 2015
(joint with Stanford)

Countries of employment
post-graduation

NO.

NO.

NO.

NO.

minimum
Bloomberg Businessweek International
Business Schools (Non- US) in 2014

Languages participants
speak on graduation

06

Profile of 2014
INSEAD MBA Graduates

Total MBA
graduates

1011

Gender

Average
Age

29

Average Work
Experience

Years

Age

6

Years

Work Experience

Female

32%

< 26 years

6%

1 – 2 years

8%

Male

68%

26 - 28 years

42%

3 – 5 years

31%

29 – 31 years

37%

6 – 7 years

37%

> 31 years

15%

> 7 years

24%

Education


Nationality

Africa

3%

Business / Administration

30%

Asia Pacific

30%

Engineering

27%

Central / Eastern Europe

11%

Economics

14%

Latin America

5%

Sciences

11%

Law / Political Sciences

7%

Middle East 5%
North America

16%

Humanities & Arts

5%

Northern / Southern Europe

30%

Media & Communication

1%

Other

5%

07

Full-time Jobs and
Compensation Trends
How did they find their job?

Of the 1011 participants in the two classes that
completed the INSEAD MBA programme in
July and December 2014*, 988 (a record 98%)
responded to the Career Development Centre
survey, including 11 who reported not having
started their job search.
Of the 977 graduates actively looking for a job,
877 (90%) reported having received at least one
job offer 3 months after their graduation date
and 825 (84%) gave us details of their career
decision. Of these 825 graduates who had
accepted jobs, 675 (82%) reported full salary
information, on which the salaries section of
the following report is based.



#

%

Career Development Centre /
Alumni network

435

53%

Pre-INSEAD employer

182

22%

Own contacts

97

12%

Summer job*

61

7%

Creating own company

50

6%

Total

825

100%



* Summer job only open to one class

* See Page 48

Sectors: 2014

Consulting

41%

Financial Services

17%

Corporate Sectors

42%

Sectors: Comparison over 5 years

2014

41%

17%

2013 34%

17%

2012 41%

45%
23%

44%

Consulting
08

49%
14%

2011 39%
2010

42%

38%
20%

Financial Services

Corporate Sectors

36%

2014 Jobs by Sector Group


Consulting

41%

Financial Services

17%

Corporate Sectors*

* See page 17 for details of sub-Sectors
** Decrease in Retail/Consumer & Luxury Goods
largely due to realignment of some companies to
E-Commerce sector, in line with LinkedIn sectorisation



E-Commerce / Internet

11%




Information Technology /
Telecommunications

6%




Retail / Consumer
& Luxury Goods**

6%



Manufacturing / Conglomerates

5%



Public Sector / Social Impact

4%



Energy

3%



Healthcare

2%




Media / Entertainment /
Advertising

2%



Corporate Services

1%



Primary Industries

1%



Transportation / Logistics

0.5%



Travel / Leisure Services

0.5%

2014 Jobs by Function
Consulting

43%

Finance

16%

General Management

11%

Corporate Planning /
Business Development

8%

Marketing / Sales

8%

Leadership Development Programs

8%

Other*

3%

Production / Operations Management

2%

Technology Management

1%

* includes: Art/Creative, Fundraising, Human Resource
Management, Legal, Logistics & Purchasing, Medical,
Project Management, Research & Development,
Specialised Services, Writing/Editing

Disclaimer: The information included in this report was provided by both MBA graduates and recruiters and
has not been independently verified. INSEAD Career Development Centre gives no guarantee as to its accuracy.

09

Job Locations

INSEAD continues to be the Business School for
the World in all senses. In a class consisting of
90 nationalities, no single country accounted for
more than 17% of jobs accepted.

Country


10

Africa / Near / Middle East

9%

Asia Pacific

27%

Central / Eastern Europe

5%

Latin America

4%

North America

11%

Northern Europe

2%

Southern Europe

5%

Western Europe

37%

The regional distribution of our graduates’ jobs
remains very similar to last year. Recruitment
to the Middle East continues to be strong,
thanks in part to our annual Middle East
career forum. In 2014 we welcomed 38
companies and 150 students and alumni to
Dubai for this one-day event.

Within the various regions, individual countries
that have attracted more graduates this year
include Turkey, Poland, Mexico and China.
Singapore continues to be the most favoured
destination in Asia Pacific.

While continuing to develop and deepen
relationships in Europe and Asia, our future
geographical priorities include developing
opportunities in the USA, where we saw
significant student demand in 2014.

Overall, the UK remains the most popular
country. Nearly 140 of our 2014 graduates
accepted jobs there, across sectors, with a
third in financial services. This fact reflects
both the continued dominance of the UK
financial sector within Europe and the
strengthening of the British economy.

We would also like to build on the many
attractive opportunities that are already
available to our graduates in the Middle East
and Africa.

11

Career Changes
Sector Choice
Before INSEAD
Former Consultants
11%
25%

64%

As usual, 2014 was a year of big career changes
for many of our graduates. Some 81% of the
class moved to a new sector, country or job
function, while 21% rose to the challenge of
change across all three dimensions.
In the longer term, the biggest career-change
trend that we see among our alumni is a move
to start their own company some years after
graduating. Indeed some 6% of the class of
2014 started their own companies immediately
on leaving INSEAD and we see more and more
students choosing to go work for a start-up
or SME as a stepping stone to start their
entrepreneurial journey.
An appetite for change
81%


666 changed sector or country
or function

21%

172 changed all 3 dimensions

51%

423 changed country

42%

347 changed sector

64%

529 changed function

Former Financial Professionals
24%

43%

33%

Former Corporate Sectors Professionals
6%
58%*

36%

After INSEAD
Financial Services



Corporate Sectors
Consulting
* Of 219 participants who remained in corporate sectors,
24% (52) stayed in the same industry sub-sector,
while 76% (167) opted for a change.

12

Region or country changes
Nationalities: who stays home and who goes abroad (1)
Total: 825

Regions

#

Home

Abroad

North America

121

38%

62%

Southern Europe

81

44%

56%

Central / Eastern Europe

79

52%

48%

Latin America

42

61%

39%

Africa / Near / Middle East

54

63%

37%

Asia Pacific

247

63%

37%

Northern Europe

22

68%

32%

Western Europe

179

79%

21%

Nationalities

#

Home

Indian

96

16%

84%

French

59

31%

69%

Canadian

41

32%

68%

Within selected nationalities*

* includes nationalities with more
than 10 participants
(1)
For the list of countries per region,
please refer to pages 46, 47 and 48

Abroad

Italian

25

32%

68%

Lebanese

17

35%

65%

American

80

36%

64%

Korean

11

45%

55%

Portuguese

24

46%

54%

Australian

23

48%

52%

Chinese

41

49%

51%

Turkish

10

50%

50%

Spanish

18

56%

44%

Russian

31

61%

39%

Dutch

28

64%

36%

British

39

69%

31%

Polish

10

70%

30%

German

31

71%

29%

Brazilian

19

79%

21%

Singaporean

27

81%

19%

Norwegian

11

82%

18%

13

Compensation Trends
by Region and Country
In 2014, the regions offering the highest
salaries were North America and Northern
Europe and the lowest in Southern Europe.
However the regional variation – apart from
in Southern Europe, where salaries seem
substantially lower – is minimal.

In 2014, it was very heartening to see global
mean and median salaries rise – after a small
fall the previous year. There was also an
increase in the number of graduates receiving
sign-on bonuses – and a significant rise in the
median amount from €16,200 to €19,400.

Overall Annual
Mean Salary

The lowest salary reported (€25,300) and
the highest (€168,000) were both in Western
Europe, suggesting that sector, job function
and company size are a stronger indicator of
compensation levels than region.

Overall Annual
Median Salary

€88,600

Overall Median
Sign-on bonus*

€89,400

€19,400

*63% of salaries overall reported with sign-on bonus

By Region*

#
Range €
Mean € Median € Sign-on

Bonus (%)

Median €**
Sign on

Africa / Near / Middle East

60

27,000 – 163,200

87,600

89,400

63%

21,100

Asia Pacific

161

28,000 – 164,800

82,900

85,500

59%

15,300

Central / Eastern Europe

27

47,600 – 140,000

88,000

92,000

67%

20,000

Latin America

25

39,000 – 160,000

82,700

79,100

68%

15,600

North America

72

33,500 – 132,100

95,400

97,800

75%

19,400

Northern Europe

19

62,000 – 120,600

97,200

98,400

68%

25,400

Southern Europe

35

47,600 – 102,800

72,100

71,000

63%

20,000

Western Europe

276

25,300 – 168,000

92,300

92,200

62%

20,000

Total

675

* where at least 5 salaries were reported
** where at least 5 sign-on bonuses were reported

14

By country in local currency*


#

Mean €

Range

Median €

Sign-on

Median €



Bonus (%) Sign-on**

Australia (AUS$)

14

115,000 – 225,000

152,700

148,250

64%

20,000

Belgium (€)

11

56,500 – 120,000

81,700

80,000

55%

15,500

Brazil (Real)

19

160,000 – 355,000

241,700

230,000

79%

85,000

Canada (CAD$)

13

48,000 – 166,850

128,300

140,000

54%

25,000

China (Renminbi)

27

360,000 – 898,000

636,300

645,700

64%

150,000

France (€)

26

50,000 - 100,000

81,500

80,000

50%

17,000

Germany (€)

43

30,000 - 120,000

91,500

95,000

47%

17,500

Hong Kong (HK$)

10

300,000 – 1,562,000

902,900

932,500

50%

310,000

India (Rupee)

9

2,200,400 – 7,650,600

3,995,600

2,985,600

30%

-

Indonesia (IDR)

5

303,100,000 – 1,221,800,000 801,900,000 852,000,000

60%

-

Italy (€)

8

70,000 – 100,000

77,100

73,900

75%

17,500

Japan (Yen)

8

6,000,000 – 14,084,500

10,229,600

9,876,300

62%

2,000,000

Korea (Won)

11

66,625,700 – 166,564,300

117,276,000 122,147,100

73%

44,417,100

Lebanon (LBP)

5

54,000,000 – 202,100,000

135,478,900 118,149,600

60%

-

Malaysia (MYR)

7

180,000 – 432,000

301,100

323,300

86%

65,100

Norway (Krone)

12

592,000 – 1,016,500

846,900

835,000

67%

213,000

Poland (Zloty)

5

200,000 – 390,000

309,600

319,100

40%

-

Portugal (€)

11

47,600 – 72,000

65,000

65,000

55%

17,500

Russia (Rouble)

17

3,850,000 – 7,407,400

5,102,600

4,947,100

82%

1,190,500

Singapore (SG$)

65

61,100 – 270,000

142,300

145,000

57%

22,650

South Africa (Rand)

7

775,000 – 1,650,000

999,300

950,000

71%

280,000

Spain (€)

13

50,000 – 102,800

78,400

78,000

62%

20,000

Switzerland (SFr)

25

100,000 – 155,000

134,300

135,000

68%

24,000

The Netherlands (€) 21

67,000 - 110,000

88,900

89,000

43%

15,000

UAE (Dirham)

35

330,600 - 587, 750

471,900

477,500

71%

91,800

United Kingdom (£)

126

20,000 - 135,000

75,800

75,000

67%

18,750

USA (US$)

59

75,000 - 170,000

124,400

128,000

80%

25,000

Total

612

How salaries have evolved: Comparison over 5 years in local currency (median salary)


2014

2013

2012

2011

2010

Brazil (Real)

230,000

230,000

227,000

220,300

220,600

France (€)

80,000

82,800

85,000

85,000

80,000

Germany (€)

95,000

96,000

90,600

95,000

90,000

Singapore (SG$)

145,000

120,000

135,000

142,000

147,500

Switzerland (SFr)

135,000

126,000

136,000

135,000

132,800

United Kingdom (£)

75,000

73,000

74,000

73,000

70,000

USA (US$)

128,000

130,000

122,000

125,000

125,000

* See page 48 for exchange rates

15

Corporate Sectors

joining the corporate sectors. Hence our new
twice-yearly entrepreneurship career forums,
which each brought around 40 start-ups and
SMEs to campus to meet 200+ students in 2014.
In fact, three SMEs now figure in our annual
top-recruiter list. This reflects both the needs
of small companies to hire talent with
business acumen to grow and expand
internationally, and the entrepreneurial
ambitions of our students.
The combined corporate sectors remain the
most popular career destination for INSEAD
graduates, although recruitment fell from
a record high of 49% of the class in 2013
to 42% in 2014.
We continued to see strong growth in the
tech area – especially e-commerce and the
internet*. Indeed, the term “GAFA” (Google,
Amazon, Facebook and Apple) has entered the
student lexicon alongside “MBB” (McKinsey,
Bain and BCG) – with Amazon and Google
both in our top-ten recruiters for 2014 and
Apple in the top twenty. Indeed, IT, telecoms,
e-commerce, internet and media now account
for 19% of the total class – more than the
entire financial services sector. Unsurprisingly
perhaps, tech salaries are higher than in
many other fields.
In 2014, there was growth too in recruitment to
“traditional” rotational management training
programmes – many of which are in “nontraditional” industries, such as e-commerce.
In addition, the trend towards start-ups and
small to medium-sized enterprises (SMEs)
has continued and accounted for 26% of those

16

Finally – also following a trend of recent years –
in 2014 we noted a slight increase in
Public Sector / Social Impact recruiting,
particularly to the education sector.
*The significant increase on last year’s
percentage is due partly to a redefinition
of sectors (in line with LinkedIn categories),
which decoupled E-commerce from Retail
and assigned it to the Internet. The drop in
recruitment to Retail / Consumer & Luxury
Goods is also partially caused by
this reallocation.

How did they find their job?

Career Development Centre /
Alumni network

#
205

%
59%

Own contacts

55

16%

Creating own company

34

10%

Pre-INSEAD employer

36

10%

Summer job*

16

5%

Total

346

100%

* Summer job only open to one class

All Corporate Sectors


Corporate Services

2%

E-Commerce / Internet

27%

Energy

8%

Healthcare

4%

Information Technology /
Telecommunications*

14%

Manufacturing / Conglomerates**

13%

Media / Entertainment / Advertising

5%

Primary Industries***

2%

Public Sector / Social Impact

9%

Retail / Consumer & Luxury Goods

14%

Transportation / Logistics

1%

Travel / Leisure Services

1%

* Includes Computer Software, Hardware,
Consumer Electronics, Semiconductors
** Includes Automotive, Building Materials,
Construction, Electrical/Electronic Manufacturing,
Mechanical or Industrial Engineering
*** Includes Chemicals, Mining & Metal,
Agribusiness, Food & Beverage Production

Top functional Areas


Consulting

6%

Corporate Planning /
Business Development

17%

Finance

6%

General Management

20%

Logistics Purchasing

2%

Marketing / Sales

20%

Others

2%

Production / Operations Management

4%

Project Management

2%

Leadership Development Programmes 18%
Technology Management

3%

17

Corporate Sectors

By Region

Africa / Near / Middle East

7%

Asia Pacific

35%

Central / Eastern Europe

2%

Latin America

3%

North America

12%

Northern Europe

2%

Southern Europe

2%

Western Europe

37%

Within
Asia Pacific

Australia

5%

China

16%

India

6%

Japan

4%

Korea

8%

Singapore

49%

Other*

12%

* includes countries where fewer than 5 jobs were
reported: Hong Kong, Indonesia, Kuwait, Malaysia,
Mongolia, Philippines, Sri Lanka,Taiwan
and Thailand.

Within Europe


Belgium

6%

France

13%

Germany

13%

Ireland

4%

Luxembourg

10%

Russia

3%

The Netherlands

5%

United Kingdom

31%

Other*

14%

* includes countries where fewer than 5 jobs were
reported: Austria, Azerbaijan, Denmark,
Liechtenstein, Lithuania, Norway, Poland, Portugal,
Spain, Sweden, Switzerland and Turkey.

18

Company Size
1 - 500

26%

Company Size >10,000

Company Size 1-500
(No. of Employees)

(No. of Employees)





1 - 500

26%

201 - 500

32%

501 - 1,000

5.5%

51 - 200

20%

1,001 - 5,000

8.5%

11 - 50

11%

5,001 - 10,000

4%

1-10

37%

>10,000

56%

19

Corporate Sector Salaries and
Sign-on bonuses by Region and Country
Overall Annual
Mean Salary

Overall Annual
Median Salary

Overall Annual
Median Sign-on bonus*

€81,100

€85,000

€15,600

* 59% of corporate sector salaries were reported with sign-on bonus

By Sector*

#
Range €
Mean € Median € Sign-on
Median

Bonus (%) Sign on €**
E-Commerce / Internet

79

27,000 – 108,800

78,000

85,000

65%

20,000

Energy

23

47,600 – 116,600

85,500

87,900

57%

12,800

Healthcare

12

63,900 – 97,600

81,900

82,500

75%

12,600

Information Technology
/Telecommunications

41

47,700 – 107,600

78,400

82,100

76%

15,300

Manufacturing / Conglomerates

34

46,600 – 160,000

88,500

89,700

65%

15,500

Media / Entertainment / Advertising

13

30,000 – 128,100

91,200

101,000

46%

9,500

Primary Industries

7

65,000 – 139,900

97,400

95,500

57%

-

Public Sector / Social Impact

20

26,500 – 97,600

69,600

71,600

30%

9,400

Retail / Consumer & Luxury Goods

28

25,300 – 120,000

76,600

79,700

46%

12,600

Travel / Leisure Services
Total

5
28,000 – 147,700
262

81,400

79,300

20%

-

See page 17 for details of sub-sectors

By Top Function*

# Range €
Mean € Median € Sign-on

Bonus (%)

Median
Sign on €**

Consulting

18 26,500-116,600 78,800

87,900

83%

8,800

Corporate Planning /
Business Development

49 28,000-160,000 82,300

85,500

65%

19,700

Finance

13 50,000-164,800 91,200

80,000

23%

-

General Management

37 25,300-147,700 77,000

80,000

22%

13,600

Logistics / Purchasing

5

65,300

67,100

40%

-

Marketing / Sales

57 33,500-120,000 76,500

76,300

56%

10,000

Production /Operations Management

11 52,000-97,300

70,100

70,200

36%

-

Project Management

5

73,100

74,000

60%

-

Leadership Development Programmes

61 63,200-113,400 88,300

87,800

89%

21,500

Technology Management

7

85,500

57%

-

Total

263

* where at least 5 salaries were reported
** where at least 5 sign-on bonuses were reported

20

47,700-80,000

47,600-91,000
60,000-94,700

81,900

By Region*


#

Range €

Mean €

Median €

Sign-on

Median



Bonus (%)

Sign on €**

Africa / Near / Middle East

19%

-

16

27,000-116,500

75,500

77,700

Asia Pacific

88

28,000-164,800

78,300

78,500

57%

15,200

Latin America

7

51,700 – 160,000

101,300

89,800

57%

-

North America

33

33,500-116,600

87,300

85,500

76%

19,400

Northern Europe

5

66,900-119,300

96,300

98,100

60%

-

Southern Europe

5

47,600-74,000

56,100

52,700

20%

-

Western Europe

111

25,300-120,000

81,400

85,000

65%

16,000

Total

265

Range €

Mean €

Median €

Sign-on

Median

Within Europe*


#



Bonus (%) Sign on €**

France

16

50,000 – 100,000

78,100

80,000

50%

14,500

Germany

17

30,000 – 105,000

83,100

86,000

76%

15,000

Belgium

8

56,500 – 120,000

80,800

75,000

50%

-

The Netherlands

5

81,000 – 100,000

88,500

84,000

60%

-

United Kingdom

38

25,300 – 107,400

81,600

92,200

55%

37,900

Total

84

Range €

Mean €

Median €

Sign-on

Median

Within Asia Pacific*


#



Bonus (%)

Sign on €**

China

61%

15,200

18

45,500-105,000

72,800

74,600

Japan

5

42,600-100,000

73,600

76,300

80%

-

Singapore

42

43,900-164,800

85,100

84,100

50%

12,800

Total

65

Range €

Mean €

Median €

Sign-on

Median

Within North America*


#



Bonus (%)

Sign on €**

USA

32

78%

19,400

Total

32

58,300-116,600

89,000

85,500

21

Consulting

How did they find their job?


#

%

Career Development Centre /
Alumni network

184

54%

Pre-INSEAD employer

122

35%

Summer job*

23

7%

Own contacts

6

2%

Creating own company

7

2%

Total

342

100%

* Summer job only open to 1 class

In 2014, recruitment of INSEAD graduates
into consulting rose to 41%, reflecting the
appetite for hiring our MBAs and the interest
from students. This figure is in line with the
traditional levels we have experienced in the
past, not counting recruitment in 2013.
We are pleased that INSEAD remains an
important talent pool for the major players
in the sector (number one on the list of core
MBA schools and sometimes the only focus).
Our business development efforts also attract
smaller companies who are able to find a good
match with the diverse INSEAD population.
In terms of geography, our students continue
to be attracted to the UK market for its
diversity, matching the diversity of our
INSEAD population, and we have also
noticed a significant increase in the number
of students securing jobs in Singapore and in
the Middle-East in 2014.

22

By Region


Africa / Near / Middle East

11%

Asia Pacific

20%

Central / Eastern Europe

9%

Latin America

4%

North America

10%

Northern Europe

3%

Southern Europe

9%

Western Europe

34%

Within Europe


France

4%

Germany

12%

Italy

4%

Norway

4%

Russia

10%

Poland

3%

Portugal

4%

Spain

6%

Switzerland

9%

The Netherlands

10%

United Kingdom

24%

Other*

10%

* includes countries where fewer than 5 jobs were
reported: Austria, Belgium, Croatia, Czech Republic,
Denmark, Hungary, Kazakhstan, Sweden and Turkey.

Within Asia Pacific


Australia

19%

China

16%

India

8%

Indonesia

9%

Singapore

32%

Other*

16%

* includes countries where fewer than 5 jobs were
reported: Hong Kong, Japan, Korea, Malaysia
and Thailand.

Within
Africa / Near / Middle East
South Africa

13%

United Arab Emirates

79%

Other*

8%

* includes countries where fewer than 5 jobs were
reported: Lebanon and Qatar.

23

Consulting Salaries and Sign-On
Bonuses by Region and Country
Overall Annual
Mean Salary

Overall Annual
Median Salary

€94,100

Overall Annual
Median Sign-on bonus*

€95,000

€19,400

* 72% of consulting salaries were reported with sign-on bonuses

By Region*


#

Range €

Mean €

Median €

Sign-on

Median



Bonus (%)

Sign on €**

Africa / Near / Middle East

87%

21,200

38

54,700-163,200

97,400

101,000

Asia Pacific

52

31,750-155,500

88,300

94,200

73%

13,900

Central / Eastern Europe

21

47,600-108,800

87,600

93,000

76%

22,500

Latin America

12

70,300-114,600

82,700

81,300

92%

21,000

North America

30

77,700-132,100

105,800

104,900

83%

19,400

Northern Europe

11

62,000-120,600

98,000

99,600

82%

25,400

Southern Europe

27

55,600-102,800

74,100

75,000

74%

20,000

Western Europe

108

55,000-149,700

99,700

98,500

59%

19,600

Total

299

Range €

Mean €

Median €

Sign-on

Median

Within Selected Countries*


#



Bonus (%)

Sign on €**

Australia

67%

19,000

9

79,500-155,500

105,600

102,300

Brazil

11

70,300-114,600

82,600

79,100

91%

22,600

Canada

8

81,600-116,600

99,500

97,800

87%

16,100

China

7

75,800-113,500

101,400

105,200

100%

19,000

France

7

80,000-97,500

86,500

85,000

57%

-

Germany

22

75,600-120,000

99,200

100,000

32%

20,000

Italy

6

70,000-80,000

74,500

73,900

83%

20,000

Norway

7

70,200-120,600

103,900

111,700

86%

25,300

Portugal

8

63,000-71,000

67,500

67,500

62%

15,000

Russia

14

90,000-108,800

95,500

93,750

93%

25,000

Singapore

17

37,300-100,700

87,500

95,200

82%

13,800

South Africa

5

54,700-68,500

60,600

58,200

80%

-

Spain

11

75,000-102,800

81,400

80,000

73%

20,000

Switzerland

15

111,700-126,600

117,600

115,900

60%

33,100

The Netherlands

16

67,000-110,000

89,000

89,000

37%

17,500

United Arab Emirates

30

77,700-124,400

101,100

101,000

90%

21,400

United Kingdom

44

55,000-149,700

101,100

98,500

80%

18,900

USA

22

77,700-132,100

108,000

104,900

82%

19,400

Total

259
* where at least 5 salaries were reported
** where at least 5 sign-on bonuses were reported

24

25

Financial Services
Following big fluctuations in the post-crisis
years, recruitment into financial services has
stabilised at 17% of the class. As usual, there
is a healthy distribution of 2014 graduates
across the various sub-sectors of financial
services. However, INSEAD graduates
remain particularly enthusiastic about private
equity and venture capital, which together
accounted for 25% of those joining the finance
sector in 2014. Thanks to INSEAD’s cultural
diversity, our students are also attracted
to finance careers that support growth in
emerging markets.
Another trend that we have noted over the last
two years is for graduates to join banks and
insurance firms as internal consultants. This
provides an interesting alternative to joining a
consulting firm, especially for those with prior
consulting experience.
Geographically, MBA recruitment appears to be
booming in the UK financial services industry.
Indeed 63% of our 2014 graduates accepting
finance jobs in Europe headed for the UK –
mainly London. On the other side of the world,
we see a similar enthusiasm for that other
great dynamic regional finance hub, Hong Kong,
which accounted for 23% of finance recruits in
Asia Pacific. Singapore also remains a popular
destination for this sector.
Globally, finance salaries rose in 2014 – both
the mean and the median were up by about
€4,000 on the previous year. This was driven
by increased compensation in investment
banks, investment management firms and
hedge funds – particularly in North America
and Western Europe.

26

How did they find their job?

Career Development Centre /
Alumni network

#
46

%
34%

Summer job

35

26%

Pre-INSEAD employer

24

18%

Own contacts

22

16%

Creating own company

9

6%

Total

136

100%



By Sub-Sector


Insurance

5%

Investment Banking / Sales & Trading

33%

Investment Management / Hedge Funds

13%

Other Financial Services

18%

Private Equity / Venture Capital

25%

Real Estate

6%

By Top Job Title


Analyst (Asset Management )

6%

Associate

56%

Manager / Consultant

13%

Vice President / Director

12.5%

Other

12.5%

By Region


Africa / Near / Middle East

6%

Asia Pacific

22%

Central / Eastern Europe

3%

Latin America

7%

North America

9%

Northern Europe

3%

Southern Europe

3%

Western Europe

47%

Within
Europe
Germany

7%

Switzerland

9%

United Kingdom

63%

Other*

21%

* includes countries where fewer than 5 jobs were
reported: Czech Republic, France, Georgia, Italy,
Kazakhstan, Norway, Portugal, Russia and Turkey.

Within Asia Pacific


Hong Kong

23%

Singapore

27%

Other*

50%

* includes countries where fewer than 5 jobs were
reported: Australia, China, India, Indonesia,
Japan, Korea, Kuwait and Malaysia.

27

Financial Services and Sign-on
Bonuses by Region and Country

Overall Annual
Mean Salary

Overall Annual
Median Salary

€91,800

Overall Annual
Median Sign-on bonus*

€89,700

€26,500

* 49% of finance salaries were reported with sign-on bonus

By Division*


#

Range €

Mean €

Median €

Sign-on

Median



Bonus (%) Sign on €**

Insurance

5

46,800-103,500

82,800

82,800

40%

-

Investment Banking /
Sales & Trading

41

62,200-164,200

98,200

99,300

71%

31,600

Investment Management /
Hedge Funds

13

34,500-151,600

91,800

93,300

54%

19,400

Other Financial Services

19

30,300-140,000

83,200

83,600

32%

20,300

Private Equity / Venture Capital

24

39,000-168,000

90,500

87,500

33%

11,000

Real Estate

5

72,000-104,800

86,500

83,900

-

-

Total

107

28

By Top Job Title*
#
Range €
Mean € Median €
Bonus (%)

Sign-on
Median
Sign on €**

Analyst (Asset Managment)

8

57,600-116,600

91,000

90,900

37

-

Associate

63

30,300-168,000

93,500

95,200

54

32,200

Manager / Consultant

13

42,700-133,000

88,600

85,900

54

25,300

Vice President / Director

14

34,500-164,200

101,700 98,500

57

15,400

Other

9

46,800-100,000

69,600

-

-

Total

107

Sign-on
Bonus (%)

Median
Sign on €**



70,000

By Region*

#
Range €
Mean €
Median €

Africa / Near / Middle East

6

34,500-74,100

57,600

58,700

33%

-

Asia Pacific

21

30,300-156,400

89,200

88,500

33%

30,800

Latin America

6

39,000-85,000

61,200

62,600

33%

-

North America

9

70,000-116,600

90,600

93,300

44%

-

Western Europe
Total

57
99

57,600-168,000

99,600

99,300

60%

28,100

Sign-on
Bonus (%)

Median
Sign on €**

Within Europe*

#
Range €
Mean €
Median €

Switzerland

6

82,800-128,300

103,500

101,400

83%

16,600

United Kingdom
Total

44
50

57,600-168,000

101,200

98,500

64%

31,600

Within Asia Pacific*

#
Range €
Mean €
Median € Sign-on

Bonus (%)
Hong Kong
5
86,600-156,400
112,700
104,100
40%

Median
Sign on €**
-

Singapore
Total

33%

-


#
Range €
Mean €
Median €


Sign-on
Bonus (%)

Median
Sign on €**

USA

5

80%

-

Total

5

6
11

76,300-129,400

96,900

96,400

Within North America*

70,700-116,600

95,800

97,200

* where at least 5 salaries were reported
** where at least 5 sign-on bonuses were reported

29

Employers of 2014
INSEAD MBA Graduates
TOP EMPLOYERS
We would like to highlight those employers who recruited the highest
number of INSEAD graduates in 2014 and thank them for their continued support.

2014 Hires
McKinsey & Company

120 (52)

EF Education First

5

The Boston Consulting Group

70 (27)

PWC

5 (2)

Bain & Company

44 (15)

Africa Internet Group

4

Amazon

39

Booz Allen Hamilton

4

Accenture

19 (3)

Deutsche Bank

4

Strategy&

19 (6)

Genpact

4

Microsoft

16

Hilti Corporation

4

A.T. Kearney

15 (4)

HSBC

4

Google

13

Johnson & Johnson

4

Apttus

11

Roland Berger Strategy Consultants

4 (2)

Uber

11

Siemens

4 (1)

BP

9 (1)

EY (Ernst & Young)

3 (1)

Credit Suisse

8 (1)

International Finance Corporation

3 (1)

Samsung

8

Kimberly Clark

3

Apple

7

L.E.K. Consulting

3 (3)

Citi

6 (1)

LinkedIn

3

Deloitte

6 (5)

L’Oréal

3 (1)

Morgan Stanley

6 (2)

Nike

3

Danaher

5

Nissan Motor Corporation

3

Numbers in brackets are former employees returning to the
organisation after graduation.

30

The Corporate
Associate Programme
Partnering with INSEAD opens the door
to unique opportunities for organisations
seeking visibility and impact at
“The Business School for the World”.
Remaining close to business is central to
INSEAD’s values. Our corporate associates
not only provide essential funding for innovative
projects, they also join a global community
that helps the school fulfil its mission to be
“The Business School for the World”©.
Corporate associates enjoy benefits built upon
the school’s international presence, its unique
global view and its entrepreneurial roots.
These include:

school, its faculty and talent through the
INSEAD Corporate Associate Programme.
The team provides associates with an
overview of school-wide activities across
its three campuses.
For further information about the
Corporate Associate Programme and
how your organisation can get involved,
please contact our Corporate Relations team:
Hilde Deschoemaeker
+ 33 1 60 72 90 54
[email protected]
Perrine Wyplosz
+ 33 1 60 72 43 54
[email protected]

Tapping into Global Talent
Aimed specifically at recruiters who look to
our 1,200+ MBA and EMBA students as a
source of talent.

Powerful Presence
Enhanced visibility for organisations, whose
brand will be displayed across INSEAD’s
communication platforms.

Learning Horizons
Access to world class academic content,
through the LIVE webinars series and INSEAD
Knowledge newsletter.
Networking Opportunities
Privileged networking and sponsorship
opportunities with students, faculty,
alumni and business leaders.
The Corporate Relations team provides a
central point of contact and continuity for
organisations who seek to engage with the

INSEAD thanks our 2014-2015
Corporate Associates for Their Support!
Accenture
A.T. Kearney
Bain & Company
Citi
Deutsche Bank
Goldman Sachs
McKinsey & Company
Morgan Stanley
Novartis
Olayan Financing Company
Philip Morris International
Roland Berger Strategy Consultants
Strategy& (formerly Booz & Company)
The Boston Consulting Group
WPP

31

2014 Recruiting Companies
Companies in bold recruited at least three MBA graduates in 2014.
Companies marked * participated in on-campus recruiting activities.

Arbor Ventures

Booz Allen Hamilton

Arisaig Partners

Boston Scientific *

AB InBev

Ariston Thermo Group *

BP *

Abbott *

Arma Partners *

Braintree

Abraaj Capital

Arocrest Capital Management

Brasil Plural

Accelerate-Advertising

Ascent Africa

Brenmiller Energy

Accenture *

Aseguradora Magallanes

BRF - Brasil Foods *

Acwa Power

Ashoka *

BT Group *

Aditya Birla Group *

Astana Finance

Burger King *

Admiral Group plc *

AstraZeneca

Burning Glass Technologies

AdzCentral *

Atasun Optik

AEA Investors

Atton Hoteles

AES Brazil

Averda *

Capacent

Affinity Equity Partners

AXA

Capital Group *

Africa Internet Group *

Axel Springer SE

Cargill *

A.T. Kearney *

A

Agility

C

Carmudi

AgilOne *

B

CarTrade.com

Agoda

B2W Digital

AIG Express

BabyTravel

CBRE Group

Air Asia Expedia *

Backstage

Cevian Capital

AJE group

BAE Systems

Chappuis Halder *

Algolia

Bain & Company *

Chevron

AlixPartners *

Banco de Mexico

Chinook Capital Group

Allianz

Bank of America Merrill Lynch *

Christian Dior

Amazon *

Bank of Beirut

Christie’s

Amcor *

Barclays Capital *

Chronocam

Amdocs

Bayer Business Consulting *

CIMB Group

American Appraisal

BC Partners

Citi *

American Express *

Becton Dickinson *

Clessidra

American Tower

Benefit Cosmetics

Clinton Health Access Initiative *

Amphenol Corporation *

Bertelsmann AG *

CMIA Capital Partners

Analysis Mason *

BHP Billiton

Cobham

AnonyMessenger

BioMerieux *

Codapay

ANZ Bank *

Blablacar *

Coesia *

APEC

Blackrock *

Coles

Apis Partners

Bloomberg

Collabspot *

APM Terminals

Blue Ocean Strategy

Commonwealth Bank

Apple *

BNL Gruppo BNP Paribas *

Confident Asset Management

AppNexus

Booking.com *

CONVAERO GmbH

Apptus *

Booster *

Convexity Capital Management

32

Cathay Capital

Total: 450 companies of which
333 hired Full Time graduates

Creador

EON

Grab Taxi *

Credit Ease *

EPIC Companies *

Greenoaks Global

Credit Suisse *

Ericsson *

Gumbaya *

Ethos Private Equity

Guotai Junan International

Dalberg *

D

European Bank for Reconstruction
and Development (EBRD) *

Danaher *

European Court of Auditors

H.I.G. Capital

Dangote Group

Eurosia *

H.J. Heinz Company

Day Lewis Plc

Eventbrite *

Havas

Deloitte *

Evercore Partners Inc.

Haworth *

Delta Partners *

Everstone Capital

Healint *

Designit

Evolutio Consulting

Heinz *

Deutsche Bank *

Expedia *

Henry Schein *

Development Bank of Japan Inc.

ExxonMobil

Herkules Capital

DIAGEO

EY

Hewlett Consulting Partners

Digimind *

H

Highland Capital Management

DNV GL

F

Hillgate *

DOJUS group

Faurecia

Doosan

FB Green

HMP Africa

Dovre Group

Fidelity Worldwide Investment *

Home Treasures

Dow Chemical *

Fine Lifestyles

Hony Capital

Dream Unlimited

Flixbus

HSBC *

DRW Trading Group

FMC Technologies *

Dunia Finance

Fortran Aviation Pte Ltd

HSBC Holdings Plc
(Group strategy) *

DuPont Company *

French Pals

Hua Dan *

FriendlyScore

Hult International Business School

FrieslandCampina

Huxley Banking &
Financial Services

E.ON Inhouse Consulting *

E

Frog

Hilti *

Easy Taxi
Ebay *
EDP

Galeries Lafayette

Educate Global Fund *

Gallup Consulting *

Edwards Lifesciences *

Gamma Capital

EF Education *

General Electric *

Eight Inc *

Generali *

Eleva Educaçao

Genpact

Eli Lilly *

GlaxoSmithKline *

Emerson *

Glowbl

Emunah Investimentos

Golden Gate Ventures *

Energy Market Authority

Goldman Sachs *

Enphase Energy

Google *

G

33

I.M. Skaugen SE

I

L Capital

L

Mota-Engil
Moteefe

IBM

L.E.K. Consulting *

Ignition-Program *

Lazada *

IJC Funds Sicav

Lazard

IMEC

Le Chemiseur *

Nath School

IMS Health *

LEGO

NBK Capital

Indian Revenue Service

Lend Lease

Nesma

Inditex SA *

Lenddo *

Nike

Indra Business Consultants
(Europraxis) *

LGT Venture Philanthropy *

Nissan Motor Company *

Liberty Mutual

Nobel Education Network

Infineon

Liberty Wireless Pte Ltd.

Nomura *

Innosight

Light My Home

Norges Bank

INSEAD

Line Corporation

Novade *

Intalok

LinkedIn

Intel *

Local Measure

International Finance
Corporation *

Locumi Labs GmbH

Oaktree Capital Management

L’Oréal *

OC&C Strategy Consultants

Louis Dreyfus Commodities

Odod LLC

Lunar Capital

Oliver Wyman

International SOS *
Investir&+ *
ironSource *

Macquarie

J

JM, Lda
Johnson & Johnson *
JP Morgan *
Jumia
Jungle Ventures *

Kaymu
Keceph Ltd
Kevric Real Estate Corporation
Kiewit
Kimberly Clark *
King *
Korea Investment Corporation
KPMG *
Kreditech
Kroton Educacional

Magpie Polymers *

On Purpose *
One Acre Fund *
Ontario Teachers’ Pension Plan

K

Marksens *

Pagasa Steel Works Inc.

Maya Capital

Pala Investments

MBA & Co *

Partenon EY

McKinsey & Company *

Partners Capital *

Medtronic

Partners in Performance *

Merchalytics

Patron Capital

Metapack *

PayPal *

Metlife *

Philips

Microsoft *

Pimco *

Millicom *

Plesner

Millward Brown *

Podar Education Network

Milvik - Bima *

Pole Sud *

Ministry of Defence

Portalia

Ministry of Finance Sri Lanka

Portas Consulting

Ministry of Health Singapore

Portland Group *

Mirchandani Group

Principia Management Group

Missing Middle

Prophet *

Mitsubishi Corporation

PubMatic *

Monica Vinader Ltd

PWC

Monsun AS

Pyxera Global

Morgan Stanley *

34

M

Marceau Innovation *

Jefferies

Kalypso

O

Maison Capital

JC Capital *

Kacific *

N

OMV

Itau Unibanco *

Jana *

Motion waves *

P

Sonae

Triton Partners

Sparknews *

TSC The Stakeholder Company *

Qubit

Standard Chartered Bank *

Tufton Oceanic

Quintiles *

Steertalent Co.Ltd

Turner Broadcasting Systems

Quandoo *

Radboud University
Medical Center

Q

R

RB (Reckitt Benckiser)

Strategy&
(formerly Booz & Company) *
Swiss Reinsurance Company

Uber *

Switch Responsible Ventures

UBS

Syngenta Crop Protection AG *

Unicredit *

Redmart *

Unilever

Reebonz *

T

ReferralCandy *

TabSquare *

Repucom

TaDaweb

Value Partners *

Richemont *

Tagit *

VCTaskforce

Rising Tide *

Talixo *

Veson Nautical *

RobecoSAM

Target

Vinebox

Roche *

Tata Steel

VIP.com

Rochefort & Associes

TBC Bank

Vitruvian Partners LLP

Rocket Internet *

Tchibo *

Vomar

Roland Berger
Strategy Consultants *

Tencent *

Voxbone *

Roomorama *

The Art of This Century

Rothschild

The Blackstone Group *

Royal Bank of Canada

Walmart

The Boston Consulting Group *

Warburg Pincus LLC

The Estée Lauder
Companies Inc. *

Warner Bros Entertainment

Samsung GSG *

The European Stability
Mechanism (ESM)

Wavecell *

Sanford C. Bernstein Limited *

The Green Link *

Sanofi *

The Impact Hub Paris *

Schlumberger Business

The Lane Crawford
Joyce Group

Saint Gobain *

U

V

Terre Bleue

S

Consulting *
Schneider Electric *
Securite Assurance
Sener
SES (Store Electronic Systems)
Shell International *
Sia Partners *
Siemens AG *
Siemens Management
Consulting *

The Parthenon Group *

W

Waters
Westwing Home and Living
Wipro Ltd
Wood Mackenzie *
Woolworths Limited
Worldpay

The Planorama Group *
The Wellcome Trust
Thomson Reuters
ThyssenKrupp *
TinkerLabs

Yconomus *

Y

Yum! Brands *
Yunus Social Business *

TinyOwl
Tojo Vikas International
Total *

Singapore Government

Tractebel Engineering

SK Vertical Capital

TradeGecko *

Skyscanner *

Transurban

SMS Management and
Technology *

travelmob *

Sodexo *

Trekurious

Solon Management Consulting *

TripAdvisor *

Tree Line Investment Management

Zurich Insurance
Company Ltd *

21st Century Fox *

Z

#

3i
3M
50 Partners *

35

Summer Internships / Projects
and Compensation Trends
Some 58% of our December 2014 class used
their summer vacation to do an internship
or project, slightly more than in the previous
year. Conversely, the number of companies
employing INSEAD students over the summer
fell from 189 the previous year to 149.

Compared with last year’s figures, there
appears to be a steep decline in interest in
Retail / Consumer & Luxury Goods and a sharp
rise in E-commerce / Internet internships.
However this is largely due to our own
recategorisation of these sectors.*

The most popular sectors were, as usual, those
where companies tend to recruit large numbers
of MBA graduates and thus have significant
internship programmes. These include
consulting firms, investment banks and
IT / E-commerce companies.

Internship compensation rose steeply in 2014
for INSEAD students. The mean and the median
monthly salaries increased to €4,500 and
€4,300 (up from €3,500 and €2,800 in 2013)
* In line with LinkedIn categories, we have decoupled
E-commerce companies from Retail and attached
them to Internet.

By Sector
Total: 286

21%

16%
12.5%

6%
4%

7%

5%

4%

1%

0.5%

2%

3%

4%

3%

3%

4%
1%

1%

36

Se
rv
ic
es

su
re

ei

/L

Tr
av
el

Ot
h

er
F

in
an
c
Pr ial
Se
im
rv
a
ry
Pu
ic
e
In
bl
du s
ic
Se
st
rie
ct
or
s
/S
oc
ia
lI
m
pa
ct

ce

su
ra
n

In

Co
Co
ns
rp
ul
Eor
tin
Co
at
g
e
m
Se
m
rv
er
ic
ce
/ I es
nt
er
ne
En t
e
He
r
al gy
th
ca
re

s
g
s
l
/
te ods ics
nd
g
in
te
ta
gy
ta
t
pi
o
Fu era isin
ad
lo ions
r
is
Es y G
e
t
o
T
Ca
r
l
g
t
n
m
og
r
e
a
d
e
&
h ica
L
lo dv
u
r
e
e
c
s
x
g
/
R
H
tu
e
A
n
Te n
Lu ion
al
t/
en
n u
Co nt /
t
io m
/S
en g /
/V
r & rta
e
at com
g
e
y
m
t
m
n
o
n
i
e
i
m
ki
um nsp
ur tain
or Tele
ag
qu
n
s
f
t
n
E
a
c
r
n
a
a
In
fa
te
te
Tr
tB tM
Co
nu En
iva
en
l/
en Ma a /
ai
m
Pr
t
t
m
i
s
st
Re
ed
ve
ve
M
In
In

2%

By Region

Africa / Near / Middle East

4%

Asia Pacific

36%

Central / Eastern Europe

2.5%

North America

6%

Northern Europe

1.5%

Latin America

4%

Southern Europe

2%

Western Europe

44%

Within Europe


France

15%

Germany

10%

Luxembourg

14%

Russia

4%

Switzerland

6%

United Kingdom

39%

Other*

12%

* includes countries where fewer than 5 jobs were
reported: Belgium, Bulgaria, Denmark, Hungary,
Italy, Norway, Spain, Sweden, The Netherlands
and Turkey.

Within Asia Pacific


China

9%

Hong Kong

11%

India

10%

Singapore

60%

Other*

10%

* includes countries where fewer than 5 jobs were
reported: Australia, East Timor, Indonesia, Japan,
Korea, Laos, Malaysia, Myanmar, Taiwan,
and Vietnam.

37

Summer Internships / Projects
Monthly Base Salaries
Overall Monthly
Mean Salary

Overall Monthly
Median Salary

€4,300

€4,500

By Sector*


#

Range €

Median €

Consulting

45

600 – 9,050

7,000

E-Commerce / Internet

52

500 – 6,200

4,500

Energy

12

1,100 – 5,000

4,600

Healthcare

12

1,100 – 5,000

3,300

Information Technology / Telecommunications

13

450 – 8,100

1,500

Investment Management / Hedge Funds

4

1,000 – 7,200

5,900

Investment Banking / Sales & Trading

33

1,900 – 8,400

6,800

Manufacturing / Conglomerates

8

2,400 – 6,300

3,500

Media / Entertainment / Advertising

9

1,800 – 7,000

4,500

Other Finance

7

900 – 7,200

4,000

Primary Industry

7

1,600 – 1,900

1,600

Private Equity / Venture Capital

18

200 – 6,500

1,700

Public Sector / Social Impact

12

200 – 4,500

2,700

Retail / Consumer & Luxury Goods

8

600 – 3,000

2,100

Travel / Leisure Services

4

2,100 – 5,200

3,500



#

Range €

Median €

Brazil

5

1,500 – 6,000

2,650

China

8

200 – 7,800

1,200

France

17

900 – 4,500

1,800

Germany

14

1,200 – 6,000

4,600

Hong Kong

10

2,400 – 6,200

4,100

India

9

700 – 1,900

1,600

Russia

5

7,400 – 9,000

8,250

Singapore

57

400 – 8,400

2,400

Switzerland

7

2,900 – 8,200

8,000

United Arab Emirates

4

2,000 – 8,100

5,000

United Kingdom

50

1,000 – 9,050

6,800

USA

11

2,700 – 8,100

4,500

By Country*

* Where 4 or more salaries were reported
Exchange rate: Oanda, average for the period: 1/07/14 – 31/08/14

38

39

Companies which
Hired Summer Interns in 2014
Companies in bold employed at least 3 interns

A

Clifford Capital
Cognita

Healint

Accenture

CognoLink

Henkel

Accíon International

Collabspot

Hexagon AB

Aditya Birla Group

Cox Media Group

HgCapital

Admiral Group plc

Credit Suisse

HSBC

Aeris capital

CREN

A.T. Kearney

African Leadership Academy
Airwatch

D

IBM

H

I

Alexander Lewis and Vaunte.com

Danaher

Amazon

Decision Technologies Ltd

INSEAD

American Express

Deloitte

Intercontinental Hotels Group

Amobee

Deutsche Bank

International Finance Corporation

Amphenol Corporation

DFR Asia

Itau BBA

Arborland Montessori

Ducon GmbH

InfraMed

Areva
AVSF
E.ON Inhouse Consulting
Bain & Company

B

E

JF Hillebrand
Johnson & Johnson

eBay

JP Morgan

Educate Global Fund

Jumia

Barclays Capital

Endeavor

Benefit Cosmetics

EPIC Companies

BHP Billiton
Bima (Milvik)
BioRefinex

Feex

BNP Paribas

Fidelity Worldwide Investment

Bogga Wind Power

Financière Arbevel

The Boston Consulting Group

Firebrand Group

F

Kevric Real Estate
Corporation

Lancel

Bridgepoint Capital

G

LeapFrog Investments
Leica Biosystems

BT Group

General Electric

Brookfield Renewable Energy
Partners

Glennmont partners

LG CNS

Glocal Partners

Lhoist

Goldman Sachs

LinkedIn

Google

L’Occitane

GroupM

L’Oréal

Carrhae Capital

C

CBRE Group

Lotus Impact Fund

Chanel

Lunar Capital

Chope

LVMH

Citi

40

K

King

L Capital (LVMH)

Boston Scientific

J

L

Total:149 Companies
Hired Summer Interns

Maxburg Capital

M

Salamanca Group

S

Ward Ferry Management Ltd

Partners

Sanofi

Wonga

McDonalds

Seminal Capital Partner

Woodside Energy

McKinsey & Company

Shell International

Michael Kors

Silver Needle Hospitality Group

Microchip Technology

Sony Corporation

Microsoft

Sovereign Capital

Millicom

SportImpact

Millward Brown

Spotify

MJN Consult Arabia

Strategy&
(formely Booz & Company)

Monitor Deloitte

Zalora

W

Z

Morgan Stanley
MSD
Tau Investment Management
Newcleus

N

Tencent
The Green Link

Nike

Time Equity Partners

Northstar Silicon Island

Time Warner

Nova Founders

TLG Capital

Novo Nordisk

Trusted Family

Oslo Business Region

PayPal

O
P

PayPlug

U

Universidad Externado
de Colombia

V

Virtus Partners

Petit Bateau

Virtusize

Philips

Visualead

Plan Padrinos

Vivendi

Prime Art Capital

Volaris

Puma India

Rising Tide Asia

Uber Inc

Vimcar GMBH

Permira

T

R

Roche
Roland Berger Strategy
Consultants
Rothschild

41

A Wide Choice
of Recruiting Methods

The Career Development Centre team provides
advice and assistance for recruiters throughout
the hiring process. We are committed to
working closely with organisations to find
an INSEAD recruitment strategy that fits
their needs.
Recruiters can access 1,000+ MBA, 220+ EMBA
and a network of 50,000+ Alumni through our
offices. Identical opportunities to hire INSEAD
MBAs are provided twice a year on both of our
campuses (Europe and Asia) in addition to 2
networking forums in the Middle East region.
The number of MBA participants taking part
in campus exchanges between INSEAD, the
Wharton School of Business, Kellogg School
of Management (US) and CEIBS (China) has
stabilized. In 2014 around 69% of participants
chose to move at least once between campuses.
Given such mobility, it is vital that recruitment
messages reach all participants.

1,000+ MBA
220+
EMBA
50,000+ Alumni
42

Ideally, companies achieve this by having a
physical presence on both campuses or by
taking advantage of our video-conference
facilities. We recommend mixing and matching
the following recruitment methods according
to your needs. Please do not hesitate to contact
us to discuss your best approach for successful
recruitment at INSEAD.

Recruit on campus
If you wish to build corporate brand image
and increase awareness of your company’s
career opportunities, on-campus recruitment
is usually the best approach. This consists of
an on-campus recruiting event with interviews
held at a later date. Employer visits take place
during the two main recruitment periods
(March–June and September–December).
Interviews can be arranged on both campuses,
taking advantage of our interview rooms,
video-conference facilities, and the web-based
interview-scheduling system on
our CareerGlobe platform.

Participate in a Networking Expo

Recruit for Internships and Projects

The networking expo is a 2-hour multi-industry
event taking place in an afternoon with a limited
number of organisations invited. This event
gives you the opportunity to meet with students
early in the campaign – and you will be able to
display your promotional materials and banners
in an informal setting.

The January intake has the opportunity to work
on a July–August internship or project during
the two-month summer break. Managers hiring
INSEAD MBA participants in this way benefit
from having highly motivated, self-starting
individuals work on specific business issues.

Participate in a Networking Evening
Participating in a multi-industry networking
evening, where a limited number of companies
are invited, gives you a chance to network face
to face with students in an exclusive setting.

Post a Job Description
At any time during the year, descriptions of
career opportunities (full-time positions or
internships) can be posted on our user-friendly
recruitment portal, CareerGlobe, free of
charge and viewed by MBA participants on
both campuses, EMBA participants and
Alumni across the globe. The site makes it
possible for applicants to respond directly
to the recruiting organisation.

Contact Individuals Directly
Through the CV Database

Career Development Centre
Sponsored Events
We arrange many additional events throughout
the year. Examples include: panel discussions
on careers in specific industries or women’s
career issues; seminars on presentation skills
or case interview techniques; and preparation
for finance interviews. All of these provide
participants with specialised insights and allow
the companies involved to promote their brand
on campus.

Clubs
INSEAD has a wide variety of sector-specific
participant clubs, including consulting,
healthcare, energy, private equity, marketing,
entrepreneurship and NGOs. Working with the
clubs on their various events enables recruiters
to target – and network with – groups of
motivated participants very efficiently.

The CVs of our MBA and EMBA participants
are an important recruiting tool, whether
companies plan to recruit on campus or by
direct contact. We publish CV Books with
many useful search capabilities, such as
languages, previous work experience and
educational background.

43

Important INSEAD
Recruiting Guidelines

Non-disclosure of Grades:

Non-discrimination:

INSEAD’s selection criteria include a rigorous
evaluation of intellectual and professional
abilities. To obtain the MBA degree is a
significant achievement. As a matter of policy,
grades are considered confidential during the
recruitment process. However, participants will
be able to communicate whether or not they are
on the official Dean’s List of high performers.
Full transcripts of grades can be obtained
only after graduation.

As an international business school, INSEAD
adheres to the principles of equality and
impartiality. We expect companies recruiting
at INSEAD to respect these principles.

Equal Consideration for
Participants on Both Campuses:

General Enquiries

Participants are selected from a centralised
applicant pool, so all campuses have roughly
the same MBA profile. Recruiters are therefore
expected to consider all candidates regardless
of their campus location, including those on the
exchange with Wharton, Kellogg and CEIBS. It is
also in employers’ interests to target all INSEAD
campuses, as – after the first four months of
the programme – participants are able to move
freely between sites every two months. The
Career Development Centre has comprehensive
systems in place, such as video-conferencing
equipment, to facilitate this process.
44

For more details on recruiting at INSEAD,
please visit the “Corporate Recruiters”
section of our website:
http://www.insead.edu/corporate_recruiters/

Europe Campus
Tel: +33 (0)1 60 72 90 06
[email protected]
Asia Campus
Tel: +65 6799 5428
[email protected]
Abu Dhabi Campus
Tel: +971 2 651 52 00
[email protected]

45

List of Countries Per Region

Africa

Rwanda

Lao

Algeria

Saint Helena

Macau

Angola

Sao Tome And Principe

Malaysia

Benin

Senegal

Maldives

Botswana

Seychelles

Marshall Islands

Burkina Faso

Sierra Leone

Micronesia

Burundi

Somalia

Mongolia

Cameroon

South Africa

Myanmar

Cape Verde

Sudan

Nauru

Central African Republic

Swaziland

Nepal

Chad

Tanzania

New Caledonia

Comoros

Togo

New Zealand

Congo

Tunisia

Niue

Congo Rep.Dem.

Uganda

Norfolk Island

Djibouti

Zambia

North Korea

Egypt

Zimbabwe

Pakistan
Palau

Equatorial Guinea
Eritrea

Asia Pacific

Papua New Guinea

Ethiopia

Afghanistan

Philippines

Gabon

American Oceania

Samoa

Gambia

American Samoa

Singapore

Ghana

Australia

Solomon Islands

Guinea

Bangladesh

Sri Lanka

Guinea-Bissau

Bhutan

Taiwan

Ivory Coast

Brunei Darussalam

Thailand

Kenya

Cambodia

Tokelau

Lesotho

China

Tonga

Liberia

Christmas Island

Tuvalu

Libya

Cocos Islands

Vanuatu

Madagascar

Cook Islands

Vietnam

Malawi

East Timor

Mali

Fiji

Mauritania

French Polynesia

Mauritius

Guam

Morocco

Hong Kong

Mozambique

India

Namibia

Indonesia

Niger

Japan

Nigeria

Kiribati

Reunion

Korea

46

List of Countries Per Region

Central/Eastern Europe

Bolivia

Near/Middle East

Albania

Brazil

Bahrain

Armenia

Cayman Islands

Iran

Azerbaijan

Chile

Iraq

Belarus

Colombia

Israel

Bosnia and Herzegovina

Costa Rica

Jordan

Bulgaria (EEA)

Cuba

Kuwait

Croatia

Dominica

Lebanon

Czech Republic (EEA)

Dominican Republic

Oman

Estonia (EEA)

Ecuador

Palestine

Georgia

El Salvador

Qatar

Hungary (EEA)

Falkland Islands

Saudi Arabia

Kazakhstan

Grenada

Syria

Kyrgyzstan

Guadeloupe

United Arab Emirates

Latvia (EEA)

Guatemala

Yemen

Lithuania (EEA)

Guiana

Macedonia

Guyana

Moldova

Haiti

Montenegro

Honduras

Poland (EEA)

Jamaica

Romania (EEA)

Martinique

Russia

Mexico

Serbia

Montserrat

Slovakia (EEA)

Netherlands Antilles

Slovenia (EEA)

Nicaragua

Tajikistan

Panama

Turkey

Paraguay

Turkmenistan

Peru

Ukraine

Puerto Rico

Uzbekistan

St Kitts and Nevis

North America
Canada
USA

St Lucia
Latin America

St Vincent and The Grenadines

Anguilla

Surinam

Antigua-Barbuda

Trinidad and Tobago

Argentina

Turks and Caicos Islands

Aruba

Uruguay

Bahamas

Venezuela

Barbados

Virgin Islands (British)

Belize

Virgin Islands (US)

Bermuda

47

List of Countries Per Region

Northern Europe

Western Europe

Denmark (EEA)

Andorra

Faroe Islands (Denmark)

Austria (EEA)

Greenland (Denmark)

Belgium (EEA)

Finland (EEA)

France (EEA)

Iceland (EEA)

Germany (EEA)

Norway (EEA)

Ireland (EEA)

Sweden (EEA

Liechtenstein (EEA)
Luxemburg (EEA)

Southern Europe

Monaco

Cyprus (EEA)

Switzerland

Gibraltar (EEA)

The Netherlands (EEA)

Greece (EEA)

United Kingdom (EEA)

Italy (EEA)
Malta (EEA)
Portugal (EEA)
Spain (EEA)
Vatican

Exchange Rates
Currency

2012 per € *

Currency

2012 per € *

Currency

2012 per € *

Australia (AUS$)

1.4464

Japan (Yen)

140.29

Singapore (SG$)

1.6380

Brazil (Real)

3.0868

Korea (Won)

1395.9

South African (Rand) 14.127

Canada (CA$)

1.4304

Lebanon (LBP)

1921.8

Switzerland (SFr)

1.2079

China (Renminbi)

7.9159

Malaysia (MYR)

4.2157

UAE (Dirham)

4.7290

Hong Kong (HK$)

9.9741

Norway (Krone)

8.4314

United Kingdom (£) 0.7913

India (Rupee)

78.725

Poland (Zloty)

4.1926

USA (US$)

Indonesia (IDR)

15.431

Russia (Rouble)

53.739

*Source: Oanda.com (average exchange rate 01/07/2014 - 31/12/2014)
Reference to local salaries displayed on page 15

This report contains employment data
for the July and December 2014 classes.
As of 2016, and in line with INSEAD’s
academic calendar, this report will be
based on December 2014 and July 2015
classes, and published in January 2016.

48

1.2878

49

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